Philip Morris International Inc. (NYSE:PM) Shares Acquired by Beacon Capital Management LLC

Beacon Capital Management LLC increased its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,900 shares of the company’s stock after purchasing an additional 142 shares during the period. Beacon Capital Management LLC’s holdings in Philip Morris International were worth $185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC boosted its position in shares of Philip Morris International by 59.0% during the first quarter. Clear Harbor Asset Management LLC now owns 4,214 shares of the company’s stock worth $410,000 after buying an additional 1,563 shares during the period. Cypress Wealth Services LLC grew its stake in shares of Philip Morris International by 6.3% in the first quarter. Cypress Wealth Services LLC now owns 4,514 shares of the company’s stock worth $439,000 after purchasing an additional 267 shares in the last quarter. Vise Technologies Inc. increased its holdings in shares of Philip Morris International by 11.9% during the first quarter. Vise Technologies Inc. now owns 8,127 shares of the company’s stock valued at $790,000 after purchasing an additional 866 shares during the period. Bison Wealth LLC raised its stake in shares of Philip Morris International by 8.9% during the first quarter. Bison Wealth LLC now owns 5,537 shares of the company’s stock valued at $526,000 after purchasing an additional 453 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in Philip Morris International by 19.9% in the first quarter. Main Street Financial Solutions LLC now owns 5,544 shares of the company’s stock worth $539,000 after purchasing an additional 921 shares during the period. Institutional investors and hedge funds own 79.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PM shares. Jefferies Financial Group reduced their price target on shares of Philip Morris International from $113.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $109.00 to $117.00 in a research report on Tuesday, June 20th. 22nd Century Group reaffirmed a “reiterates” rating on shares of Philip Morris International in a research note on Tuesday, June 27th. Finally, StockNews.com began coverage on shares of Philip Morris International in a research note on Thursday, August 17th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.70.

View Our Latest Research Report on PM

Philip Morris International Stock Down 0.1 %

Shares of PM traded down $0.06 during midday trading on Tuesday, reaching $96.90. 332,678 shares of the stock were exchanged, compared to its average volume of 4,197,598. The company has a market cap of $150.42 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.01 and a beta of 0.71. The firm has a 50 day simple moving average of $96.49 and a 200-day simple moving average of $96.05. Philip Morris International Inc. has a 12-month low of $82.85 and a 12-month high of $105.62.

Philip Morris International (NYSE:PMGet Free Report) last posted its earnings results on Thursday, July 20th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. Philip Morris International had a net margin of 11.63% and a negative return on equity of 127.84%. The firm had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company’s revenue was up 14.5% compared to the same quarter last year. Research analysts expect that Philip Morris International Inc. will post 6.19 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be issued a dividend of $1.30 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 5.37%. The ex-dividend date is Tuesday, September 26th. Philip Morris International’s dividend payout ratio (DPR) is 98.26%.

Philip Morris International Profile

(Free Report)

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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